It's been a mixed start to the day after Monday's gains. Avoiding the day's pivot levels, however, would support further upside in the day ahead.
EOS rallied by 5.50% on Monday. Partially reversing a 6.60% slide from Sunday, EOS ended the day at $4.5319.
A bearish start to the day saw EOS fall to an early morning intraday low $4.1588 before making a move.
Steering clear of the first major support level at $4.1273, EOS rallied to a late afternoon intraday high $4.5744.
EOS broke through the first major resistance level at $4.5695 before easing back.
At the time of writing, EOS was down by 0.89% to $4.4915. A mixed start to the day saw EOS rise to an early morning high $4.5689 before falling to a low $4.4554.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $4.4217 pivot to bring the first major resistance level at $4.6846 into play.
Support from the broader market would be needed for EOS to break out from Monday’s high $4.5744.
Barring an extended crypto rally, the first major resistance level and resistance at $4.70 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.00. The second major resistance level sits at $4.8373.
A fall through the $4.4217 pivot would bring the first major support level at $4.2690 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.0061 should limit the downside.
First Major Support Level: $4.2690
First Major resistance Level: 4.6846
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 3.90% on Monday. Partially reversing a 6.63% slide from Sunday, Stellar’s Lumen ended the day at $0.2985.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2800 before making a move.
Steering clear of the first major support level at $0.2775, Stellar’s Lumen rallied to a late afternoon intraday high $0.3059.
Coming up against the first major resistance level at $0.3053, however, Stellar’s Lumen eased back to end the day at sub-$0.30 levels.
At the time of writing, Stellar’s Lumen was down by 0.13% to $0.2981. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3009 before falling to a low $0.2953.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid the $0.2948 pivot to bring the first major resistance level at $0.3096 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3059.
Barring an extended rally, the first major resistance level and resistance at $0.31 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3207.
A fall through the $0.2948 pivot would bring the first major support level at $0.2837 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.2689.
First Major Support Level: $0.2837
First Major Resistance Level: $0.3096
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 3.03% on Monday. Partially reversing a 4.08% loss from Sunday, Tron’s TRX ended the day at $0.07407.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.06939 before making a move.
Finding support at the first major support level at $0.06951, Tron’s TRX rallied to a late afternoon intraday high $0.07527.
Coming within range of the first major resistance level at $0.07536, however, Tron’s TRX eased back to end the day at $0.074 levels.
At the time of writing, Tron’s TRX was up by 0.04% to $0.07410. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07499 before falling to a low $0.07322.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid the $0.07291 pivot to bring the first major resistance level at $0.07643 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.076 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.077 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870 and the second major resistance level at $0.07879.
A fall through the $0.07291 pivot would bring the first major support level at $0.07055 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.069 levels. The second major support level sits at $0.06703.
First Major Support Level: $0.07055
First Major Resistance Level: $0.07643
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.